CRISIS SUPPORT REMINDER + MINI THREAD:
A; Any time you place someone in between you and your money, such as a service or "middleman", you're engaging in counterparty risk.
B; It's never about what you can make, its always about what you can afford to lose.
IN THIS MINI THREAD, I'LL TEACH YOU THE 11 BANKING TRUTHS AND 1 ALTERNATIVE.
1 Banks don't have real fiat, they loan into existence.
2 Banks are not your friend.
3 Banks consider your accounts liabilities.
4 Banks have contempt for you.
5 Banks are non transparent because they're highly deceptive.
6 Banks have $3 liquidity for every $100 they lend.
7 Banks are leveraged 33x
8 Banks own your money, not you.
9 Banks are insolvent on a regular basis and have been since the mid 1980s
10 Bank money doesn't exist until you start paying your debts.
11 Banks will not be punshed for loosing all of your money.
When people realize that fiat leads to a a debt spiral, a debt spiral is a ponzi AND It is engineered to fail they're going to flood into hard assets.
ALTERNATIVE;
BUY HARD ASSETS LIKE #BITCOINβ―β―β― AND GOLD THE SELF CUSTODY THEM.
Bitcoin Magazine
As Banking Collapses Erode Trust, Bitcoin Fixes Moral Hazard
As the underlying issues in our economy are exposed by recent banking failures, Bitcoin stands as a trustless, alternative money.
